October 2014 Archives

Divorce or separation? Legal assistance can help with either

Making the decision to end a marriage isn't easy, and under previous divorce laws in New York certain grounds for divorce were required to be established before a divorce was granted. This is where separation agreements were considered so valuable. Those who didn't yet qualify for a divorce could use separation agreements to start the process. However, laws have changed and couples are no longer required to meet these strict guidelines in order for a divorce to be granted. While this law change has been helpful for those ready for a divorce, separation agreements are still a good option for those who are not quite ready to fully commit to divorce proceedings.

Getting married? A marital agreement may be a good idea

Couples in New York that are considering marriage may also want to consider getting a prenup. This valuable marital agreement does more than just protect assets -- which was a topic covered in a previous post. If properly designed, it can provide a legal contract for expectations during a marriage and serve as a guide for dividing property should the marriage end in divorce or premature death.

More older couples in New York and nationwide seeking divorce

Divorce affects couples in all age groups. In the past, fewer older couples would have considered divorce, but data collected over the last two decades has shown that older age groups are seeing a significant increase in divorce rates. The studies about gray divorce are done on a national level and are not specific to couples in New York, though it is likely that divorce rates among older couples in the state are also seeing this shift from life-long marriages to those choosing to start fresh in their retirement years.

Children with ADHD may require higher child support amount

Divorce affects numerous families in New York every year. Parents working their way through this process know best what, if any, special needs their children may have that require extra support. These needs can be taken into account when negotiating the child support amount that will be needed each month to ensure these children are receiving the care they require.

Harold Hamm divorce offers teachable moments for others

While extremely high-asset divorce cases seem to be on a level of their own, they do offer valuable lessons to anyone considering a divorce, whether they live in New York or elsewhere. A recent divorce making national financial and social media headlines involves the wealthy oilman Harold Hamm. While this divorce case has yet to fully play out in court, two key factors regarding the division of assets are being highlighted.

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